| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The USD/SEK exchange rate tried to surpass the resistance level at 9.5000, but reversed south and tested the support level at 9.1000.
Currently, the rate is trading near the monthly PP at 9.3025. Given that the currency pair is being supported by the 55-, 100– and 200-hour SMAs, a short-term increase is expected. A possible upside target is the given resistance. If it holds, a reversal south occurs within the following sessions. Otherwise, it is likely that the currency pair targets the psychological level at the 9.6000 mark.
It is unlikely that bears would prevail in the market and the rate would breach the given support level.